Gateway Investment Advisers LLC Increases Position in NVR, Inc. (NYSE:NVR)

by · The Cerbat Gem

Gateway Investment Advisers LLC increased its position in shares of NVR, Inc. (NYSE:NVR – Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,256 shares of the construction company’s stock after purchasing an additional 81 shares during the period. Gateway Investment Advisers LLC’s holdings in NVR were worth $18,452,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. bought a new stake in NVR during the third quarter valued at about $39,000. JPMorgan Chase & Co. boosted its stake in shares of NVR by 18.8% in the third quarter. JPMorgan Chase & Co. now owns 13,920 shares of the construction company’s stock worth $136,580,000 after acquiring an additional 2,206 shares during the period. Intech Investment Management LLC purchased a new stake in shares of NVR during the third quarter worth about $9,341,000. Peak Financial Advisors LLC bought a new stake in NVR during the 4th quarter valued at approximately $1,235,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in NVR by 11.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,514 shares of the construction company’s stock worth $24,667,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.

NVR Price Performance

NVR stock opened at $8,349.63 on Friday. NVR, Inc. has a 52 week low of $6,800.00 and a 52 week high of $9,964.77. The firm has a market capitalization of $25.55 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.57 and a beta of 1.20. The company has a fifty day simple moving average of $8,641.39 and a two-hundred day simple moving average of $8,838.63. The company has a quick ratio of 3.54, a current ratio of 6.21 and a debt-to-equity ratio of 0.21.

NVR (NYSE:NVR – Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The construction company reported $130.50 EPS for the quarter, missing analysts’ consensus estimates of $131.00 by ($0.50). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.71 billion. NVR had a net margin of 16.51% and a return on equity of 38.20%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $125.26 EPS. Analysts anticipate that NVR, Inc. will post 494.48 earnings per share for the current fiscal year.

NVR announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that permits the company to repurchase $750.00 million in shares. This repurchase authorization permits the construction company to reacquire up to 2.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of NVR from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Bank of America reduced their price target on shares of NVR from $10,800.00 to $10,600.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. JPMorgan Chase & Co. decreased their price target on shares of NVR from $9,820.00 to $9,245.00 and set a “neutral” rating on the stock in a research note on Friday, December 13th. UBS Group cut their price objective on NVR from $9,450.00 to $8,750.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Seaport Res Ptn downgraded NVR from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, NVR currently has an average rating of “Hold” and an average price target of $9,531.67.

View Our Latest Stock Analysis on NVR

Insider Activity

In other NVR news, Director David A. Preiser sold 250 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $9,302.64, for a total transaction of $2,325,660.00. Following the transaction, the director now owns 239 shares in the company, valued at $2,223,330.96. The trade was a 51.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Matthew B. Kelpy sold 400 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $9,450.00, for a total transaction of $3,780,000.00. Following the completion of the sale, the chief accounting officer now owns 208 shares of the company’s stock, valued at $1,965,600. This trade represents a 65.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 775 shares of company stock valued at $7,294,073 in the last ninety days. Insiders own 7.00% of the company’s stock.

NVR Company Profile

(Free Report)

NVR, Inc operates as a homebuilder in the United States. The company operates through, Homebuilding and Mortgage Banking segments. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and Heartland Homes names. The company markets its Ryan Homes products to first-time and first-time move-up buyers; and NVHomes and Heartland Homes products to move-up and luxury buyers.

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